Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$14,200,000
Warehouses
3948 Westpoint Blvd Winston Salem, NC 27103-6770
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1017312
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1997
Total area
100,000 SF
Lot
10.31 ac (449,104 SF)
Zoning code
GI
APN
6813-04-3730.00
UPID
US53-1017312
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.39M
CAP Approach
CAP
$14.86M
Comparable Approach
Comparable
$9.84M
Blend (final)
Blend
$14.20M
Owner & transaction history
Dogwood Holdings II Propco Nc LLC · 4 yrs held
Dogwood Holdings II Propco Nc LLC
since 2022
Last sale
$13.9M
6 recorded transactions
Zoning & alternative use
GI · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$15.7M
+100.7%
Retail stores
$13.8M
+76.5%
Auto repair, garage
$12.9M
+65.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Winston Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winston Salem submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$14,210,000
ML approach
$10,390,000
CAP Approach
CAP Return
Estimation
6%
$16,100,000
6.5%
$14,860,000
7%
$13,800,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$15,700,000
Change: +101% · Conversion: Difficult
RETAIL STORES
$13,805,000
Change: +76% · Conversion: Moderate
AUTO REPAIR, GARAGE
$12,930,000
Change: +65% · Conversion: Easy
COMMERCIAL (GENERAL)
$9,895,000
Change: +27% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$8,665,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$14.20M
Range $12.78M – $15.62M · ±10% · vs last sale $13.87M (Jun 28 2022)
Last sale anchor
$13.87M
Jun 28 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$142 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$88,548
Tax year 2024
Assessed value
$6,120,400
Assessed 2024
Previous assessed
$6,120,400
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$903,600
Assessed improvement
$5,216,800
Land market value
$903,600
Improvement market value
$5,216,800
Total market value
$6,120,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Heating
NONE
Buildings
2
Stories
1
Total area
100,000 SF
Lot
10.31 ac (449,104 SF)
Zoning code
GI
APN
6813-04-3730.00
UPID
US53-1017312
Jurisdiction
FORSYTH
Zoning & alternative use
GI · Winston Salem, NC
Zoning GI · permitted uses
GI · Winston Salem, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Winston Salem. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$15.7M
RETAIL STORES
Est. value
$13.8M
AUTO REPAIR, GARAGE
Est. value
$12.9M
COMMERCIAL (GENERAL)
Est. value
$9.9M
INDUSTRIAL (GENERAL)
Est. value
$8.7M
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Heating
NONE
Stories
1
Buildings
2
Lot
10.31 ac
Current owner
From public records · entity-resolved
Dogwood Holdings II Propco Nc LLC
Entity
Free & Clear · 4 yrs held
Mailing address
345 CALIFORNIA ST STE #3300, SAN FRANCISCO, CA 94104-2640
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2025
—
Dogwood Holdings II Propco Nc LLC
—
Deed
related
$407,500,000 · Goldman Sachs Bank USA
Aug 7, 2023
—
Dogwood Holdings II Propco Nc LLC
—
Deed
related
$400,000 · Goldman Sachs Bank USA
Jun 28, 2022
$13,865,000
Dogwood Holdings II Propco Nc LLC
Wright Investments LLC
Special Warranty Deed
—
Dec 15, 2014
—
Wright Invs LLC
—
Grant Deed
related
$3,025,000 · High Point Bk&tr
—
—
Wright Invs LLC
—
Deed Of Trust
related
$60,000 · Bank Of The Carolinas
—
—
Space Savers Properties LLC
—
Deed Of Trust
related
$500,000 · Wells Fargo Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3948 Westpoint Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
